Rarely does a three-family investment arrive this polished. 205 Harvard Street has been reimagined from the studs up — a complete 2015 gut renovation to condominium-quality standards, followed by years of continued capital investment — delivering approximately 3,300 square feet of turnkey living across three exceptional units. The first floor and finished basement combine into an expansive 6-bedroom, 3-bath residence; the second floor offers a bright 3.5-bedroom, 2-bath layout; and crowning the building is a standout 2-bedroom, 1-bath penthouse with vaulted ceilings, skylights, a glass-floor loft, and a private roof deck framed by Boston skyline views. Every unit is outfitted with individual HVAC, separately metered electric and gas service, hardwood floors throughout, heated bathroom floors, and in-unit washer/dryers — the kind of infrastructure that makes for effortless ownership and lasting tenant appeal. Recent upgrades include a 2024 roof-deck replacement and full exterior repainting, layered atop an already institutional-grade building envelope, leaving a buyer with minimal near-term capital exposure. Three deeded parking spaces round out a rare offering. The location seals the case: an easy five-minute walk to the Central Square Red Line station, Whole Foods, and H Mart, with MIT and Kendall Square less than a mile away — placing the asset at the center of one of Cambridge's deepest and most resilient rental markets. With $201,300 in current effective gross income and a stabilized proforma of $209,649, 205 Harvard Street pairs immediate cash flow with meaningful upside in a submarket that continues to command premium rents.
This home has been viewed 7 times
Last Checked: September 19th, 2026 at 6:28am (Source: MLS PIN #73576584)
Gross Income: $201,300
Gross Expenses: $32,985
Net Income Calc: $168,315
Annual Expenses for 205 Harvard Street, Cambridge MA 02139
Total Gross Expenses (Calculated)$32,985/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax17811
Annual Income & Unit Breakdown for 205 Harvard Street, Cambridge MA 02139
Total Gross Income (Calculated)$201,300
Unit 1
Rental Income$0
LeaseY
Bedrooms6
Bathrooms3 Full
Floor1
Levels in Unit2
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseY
Bedrooms3
Bathrooms2 Full
Floor2
Levels in Unit1
Rent IncludesHeat
Unit 3
Rental Income$0
LeaseY
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit3
Rent IncludesHeat
General Information for 205 Harvard Street, Cambridge MA 02139
Listing ID73576584
Property TypeMulti Family / 3 Family
Price3149000 ($954.24/SqFt)
Style3 Family - 3 Units Up/down
CityCambridge
CountyMiddlesex
MLS AreaArea 4-The Port
Neighborhood(s)
Approximate Living Area Total3300
Approximate Lot Size (Acres)0.06
Total Parking3
Garage Parking0
Year Built1890
Year Built SourcePublic Records
Year Built DetailsRenovated Since
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningR2
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 205 Harvard Street, Cambridge MA 02139
Lead PaintNone
UFFI
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourceOther
ExclusionsPersonal Belongings.
Financial Data SourceEstimated
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 205 Harvard Street, Cambridge MA 02139
Real Estate Taxes17811
Tax Year2026
Assessed Value$2,670,300
Financial Data SourceEstimated
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 205 Harvard Street, Cambridge MA 02139
Elementary SchoolFletcher-Maynard Academy
Middle SchoolCambridge Street Upper School
High SchoolCambridge Rindge And Latin Sch
Neighborhood(s)
MLS AreaArea 4-The Port
Area AmenitiesWalk/jog Trails
Contact Information for 205 Harvard Street, Cambridge MA 02139